Quintiles' Product Development Segment Leads Growth in 2Q
Quintile’s second-quarter results confirmed our view of the competitive positioning of its two core segments, and we reiterate our $71 fair value estimate and narrow moat rating. Although the firm experienced impressive growth in its moaty product development business, its integrated health services segment continues to operate in a less attractive space. There were no material updates on Quintiles’ merger with IMS Health, but we remain confident that Quintiles will be able to leverage IMS’ exte...
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